Listing Courtesy of:
eXp Realty of California, Inc.
Agency Phone: 888-584-9427
Associate Name: Voltaire Lepe
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Rare investment opportunity featuring a $48,000/month NNN master lease with House of Metamorphosis, a well-established nonprofit operator with approximately 50 years in business, delivering stable, predictable income with minimal landlord responsibility. The property consists of 26 units, each with a private bathroom, purposefully designed for supervised residential care. The 8,450 SF building offers an average unit size of approximately 325 SF, maximizing income efficiency. Situated on a 7,000 SF lot with motel zoning, the property presents limited land value contribution; however, the zoning carries significant embedded entitlement value for SRO and behavioral health uses?an increasingly scarce and difficult-to-replicate asset class in San Diego. Investors are presented with a dual-path opportunity: continue operating with a reputable, long-term tenant under a true NNN structure, or reposition the asset for alternative residential or lodging uses, leveraging the existing 26-unit configuration and flexible zoning.
Listed By
Agency Name: eXp Realty of California, Inc.
Agency Phone: 888-584-9427
Agent Name: Voltaire Lepe
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
4017 42nd St | MLS# 260007745SD
This commercial property located at 4017 42nd St, San Diego, CA 92105 is currently listed for sale with an asking price of $8,995,000. Search San Diego real estate on www.farrellsmyth.com today.